Search

Assets of Bankrupt Washex Go on Auction Block Next Month

WICHITA FALLS, Texas — Less than a year after Washex Inc. filed for Chapter 11 bankruptcy protection, assets of the former laundry equipment manufacturer will be sold at auction here next month.
Cincinnati Industrial Auctioneers (CIA) will conduct the Dec. 15-16 sale at the former Washex headquarters, 5000 Central Freeway, in Wichita Falls.
Items for sale on Dec. 15 will include new Washex and Lavatec machine inventory, repair parts, office furniture and equipment, according to the auction listing posted on CIA’s website.
Headlining the Dec. 16 offerings will be a complete metal fabrication and machining facility product line, new machinery and parts, and raw materials.
Public inspection will be 9 a.m. to 3:30 p.m. on Dec. 14. Those who can’t attend the sale on Dec. 15-16 will have the opportunity to bid live online. All prospective online bidders must be registered and approved no later than 48 hours before the auction begins.
Click here or here for more auction details and to learn how to bid. The site says an auction brochure and catalog are pending.

About the author

Bruce Beggs is editorial director of American Trade Magazines LLC, including American Coin-Op, American Drycleaner and American Laundry News. He was the editor of American Laundry News from November 1999 to May 2011. Beggs has worked as a newspaper reporter/editor and magazine editor since graduating from Kansas State University in 1986 with a bachelor’s degree in journalism and mass communications. He and his wife, Sandy, have two children.